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and what we might see in the coming decades with abundant cost of energy supplies that could have a dramatic impact on what we might see in terms of being able to proceed with a manufacturing growth in manufacturing continuation of employment here that is not independent on the innovation or high-tech industries which we should very much be supporting. that's something to keep an eye on. >> i'm glad you mentioned energy because i was getting very depressed talking about the middle class i think it is the single biggest issue in america today. will be part of the energy solution. >> i wish that i had included that because heidi is completely right. it is a great thing that is happening in terms of the availability in the natural gas where as you know it isn't a well liked commodity where it's produced which means if you have as much of it as we have at the moment, the price is low relative to the cost of oil and therefore we can attract energy intensive manufacturing in north dakota and eastern ohio to wherever to take advantage of it and that is a great thing and i don't want to m
but continuing with the theme of abundance, we will see the development of an energy surplus because of technological advances in exploiting both oil and natural gas resources, combined with new energy efficiency measures that will greatly reduce u.s. energy use. now the u.s. is now predicted, the international energy agency, predicts the u.s. will be the, will be the number one producer of oil by 2020. it will also be probably close to the top in the producers of natural gas. this will give us the wealth and income, mike lindh mentioned -- lind, mentioned 1 1/2% of gdp, we have 16 to 20 years to make up for the short fall in, in social security and 4 to 5% in medicare. well, the explosion of a moving from a energy deficit to a energy surplus will more than half close that gdp gap. so, we have a economic conditions that suggest that the challenges we face are the exact opposite of what the bowles-simpson grand bargain would impose on us as a growth strategy. the conditions that we're going to face over the next five to eight years with some amelioration if we do the right things are
energy was spent on health care and other things coming into the question is do you see that -- how do you strike that balance and do you see that changing as you go forward into the next four years? >> to complicate your questions about what the balance in the short term and the immediate and long-term things that matter for the strength of the economy and i think it's important to recognize that as we get to the next phase of the fiscal reform debate you have to think about this not just about how you bring them down gradually to the point they are sustainable you to think about it in terms of what can you do to improve the long-term growth in the american economy? there are things we have to do in infrastructure and education just to name to that are important to the potential of the country and are not very expensive. if we sacrifice those objectives in the interest of getting more fiscal restraint more quickly than is desirable would do damage across the country, so i would just encourage people to look at -- we want to look at things that are good for growth now and over the long
and the truth is, they are brutal. you look what is happening in the iranian energy area, not only the fact that they're able to sell, you know, less than 50% of what they were selling before. it is that their production, their output is down from over 4 million barrels a day to 2.6 million barrels a day. part of the reason for that is precisely because of the sanctions, the inability to continue to invest in the energy infrastructure, the inability to continue to pump and store oil as they shut down oil fields that may not be so easy for them to recoup. you look what is happening to the currency, the devaluation. there are some estimates that the currency is being devalued by half every two months. think about what that means. it means that what you're buying, when you go and you buy something it costs you twice as much. it means what you have in the bank is worth half as much. if this is continuing to happen, it is bound to have an effect on the society as a whole whole. look at what the supreme leader has been saying over the last couple weeks. on more than one occasion he has explicitly
, afghanistan/pakistan and u.s. energy policy as the six top issues. so starting with that, looking at it strategically, do you feel that those are the core issues before president obama and this administration and our country going into 2013? um, if not, what would you change, what would you add? >> i -- when i was informed by lori murray about the outcome of the process by which the world affairs councils went through and came up with those six issues, i thought you had it exactly right. i think those are the big issues, and congratulations to you. i think you have them just right. i think there is an overarching issue on top of all of them that in some sense effects and enables all of them x that is if you look at at the national security challenges and the foreign policy challenges we face, i say that the number one challenge is getting our fiscal house in order. getting a handle on the debt, getting a handle on the deficit which are critical in order to get the economy growing again and people back to work. and i think that is the over -- it's certainly the number one domestic
of their energy and time focused on their ill health, where the ramifications of that were family members, there's just not much space for doing the things we'd like to see. so we have great ideas, wonderful examples of governments and education and so forth that we have seen and would like to spread. people don't have time for them, can't focus on it. and the vacancy -- the vacuum created by that basic security invites trouble. in my experience, this is where problems are. as i look around the world, there are a few areas that are well educated and well defined, but there are vast areas that troubles some, that are hallmarks by lack of stability and security and so forth. so i think in my mind, decent dvd. not every case because it's a good quote. lots of different situations, but that's when. the chama manufacturing front and that will get the uniform in the back there. right here, sir. >> i am from the national institute of allergy and disease at nah. before that i was on the army retired medical blog. i was actually recruited to nih because they military background because 12 years ago, the
and vote against the president? take a look at a place like oklahoma where energy state and you're supposed of conservatives are coming out in droves to vote against president obama. turnout looks to be down more than 5% and appears with almost all votes counted in oakland. a couple of wrong assumptions we made the overall this is a watershed election because with 84 house freshman in my count, 40 and democrats and 35 election. when you combine that with a few surviving members of the class of 2010, that's 166 members, more than one-third of the house will have less than three years of experience in congress takes office in january. so a huge new freshman class, very steep learning curve, and get ready for the fireworks. >> curtis. and again, you have, many of you have history port and the bbc's report on voter turnout. but tell us what happened and why spent the first and want to do is think dpc, and eric larson for making this report possible. wouldn't have been without them. i'm usually the chicken little of the analyst industry on the turnout, this time i was chicken little when it turn
Search Results 0 to 6 of about 7